Wednesday, October 22, 2014

The
nation’s nearly 64 million SocialSecurityrecipients will get a 1.7% cost of
living increase for 2015, while the maximum Social Security tax, which is
linked to a different measure, will go up by just 1.3%, the government
announced today.

The
1.7% boost means the average retired worker will see a $22 increase to $1,328 a
month and the average senior couple will get a $36 boost to $2,176, the Social
Security Administration said. The maximum monthly Social Security check for a
single baby boomer claiming benefits in 2015 at the “full” retirement age of 66
will be $2,663, up from $2,642 in 2014. The increase will show up in
regular Social Security checks in January and in payments made to 8 million
beneficiaries of Supplemental Security Income (SSI) benefits on Dec. 31, 2014.

Thursday, October 9, 2014

2015 MEDICARE PART B PREMIUMS & DEDUCTIBLES

Secretary of Health and
Human Services Sylvia Burwell announced today that next year’s standard
Medicare Part B monthly premium and deductible will remain the same as the last
two years. Medicare Part B covers physicians’ services, outpatient hospital
services, certain home health services, durable medical equipment, and other
items. For the approximately 49 million Americans enrolled in Medicare
Part B, premiums and deductibles will remain unchanged in 2015 at $104.90 and
$147, respectively. This leaves more of seniors’ cost of living adjustment from
Social Security in their pockets.

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